Bloomin' Brands (NASDAQ:BLMN) Stock Price Up 5.2% - Should You Buy?

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s stock price traded up 5.2% during mid-day trading on Wednesday . The stock traded as high as $7.86 and last traded at $7.94. 322,868 shares were traded during trading, a decline of 84% from the average session volume of 2,073,613 shares. The stock had previously closed at $7.55.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BMO Capital Markets dropped their price objective on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Wall Street Zen upgraded Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. UBS Group lowered their price target on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, The Goldman Sachs Group lowered their price target on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $13.75.

Bloomin' Brands Stock Performance

The stock has a market cap of $631.04 million, a PE ratio of -67.54 and a beta of 1.30. The company has a fifty day moving average price of $7.75 and a 200 day moving average price of $10.10. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $0.70 EPS. Bloomin' Brands's revenue was down 1.8% compared to the same quarter last year. Analysts expect that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin' Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a yield of 8.08%. Bloomin' Brands's dividend payout ratio is presently -2,000.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BLMN. Barclays PLC increased its holdings in Bloomin' Brands by 29.4% during the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator's stock valued at $3,621,000 after purchasing an additional 49,723 shares during the period. Fruth Investment Management purchased a new position in Bloomin' Brands during the 4th quarter valued at about $152,000. Entropy Technologies LP purchased a new position in shares of Bloomin' Brands during the 4th quarter worth approximately $140,000. Rhumbline Advisers grew its holdings in shares of Bloomin' Brands by 1.3% during the 4th quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator's stock worth $2,907,000 after acquiring an additional 2,977 shares during the period. Finally, Rye Brook Capital LLC grew its holdings in shares of Bloomin' Brands by 2.1% during the 4th quarter. Rye Brook Capital LLC now owns 167,700 shares of the restaurant operator's stock worth $2,048,000 after acquiring an additional 3,500 shares during the period.

About Bloomin' Brands

Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.